14. Employer contribution reserves and pension fund liabilities

Employer contribution reserve (ECR)

EUR thousands

Nominal value 31.12.2020

Balance sheet 31.12.2020

Currency gain (+)/ loss (–) on ECR 2020

Balance sheet 31.12.2019

Expense (–)/ income (+) in terms of personnel expense 2020

Expense (–)/ income (+) in terms of personnel expense 2019

Pension trust fund

2,730

2,730

8

2,722

Total

2,730

2,730

8

2,722

No interest was paid on the employer contribution reserve in either year.

Economic benefits/economic liabilities and pension expenses

EUR thousands

Excess/(inad- equate) cover 31.12.2020 1

Economic share of organisation 31.12.2020

Economic share of organisation 31.12.2019

Capitalised in business year 2020

Contri- butions accrued 2020

Pension expenses in personnel expenses 2020

Pension expenses in personnel expenses 2019

Pension trust fund

1,493

Personnel pension fund collective fund

5,814

2,189

2,189

1,996

Pension plans abroad

7,806

7,806

10,104

Total

7,307

9,995

9,995

12,100

1 The 2020 financial statements of the pension trust fund and the collective fund are not yet available as of the date of publication of this Annual Report. The details regarding the excess coverage in 2020 correspond to the value as at 31 December 2019.

Please refer to item “10. Pension funds” of the Accounting and valuation principles in the consolidated financial statements and to the pension commitments in item 6. Provisions in these notes to the consolidated financial statements.

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